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October 24, 1997 Biosafe International (BSFE) became Waste Systems International (WSII). Here is the press release: CAMBRIDGE, Mass.--(BUSINESS WIRE)--Oct. 24, 1997--At the BioSafe International Inc. (NASDAQ:BSFE) Annual Shareholders' meeting today, the company announced that shareholders have approved reincorporation in Delaware and a corporate name change to Waste Systems International Inc. ("WSI"). The company also announced that it will change its NASDAQ stock symbol to WSII and will begin trading under the new symbol on Monday, October 27, 1997. Philip W. Strauss, BioSafe's chairman, president and chief executive officer commented, "This name change reflects the significant turnaround of BioSafe while focusing on building an integrated solid waste management company and executing our growth strategy of expanding our core presence in existing markets, such as in Vermont, as well as establishing positions in new markets. To this end, we have many exciting projects and/or acquisitions under development which will establish WSI as a leading solid waste management company in New England and the Mid-Atlantic states." WSI is an innovative solid waste management company. The company has built a fully-integrated solid waste management business in Vermont, and has entered into a contract to operate and remodel an existing 30-acre landfill in South Hadley, Mass. The company is also evaluating other opportunities in the New England and Mid-Atlantic markets and has also licensed its proprietary infectious medical waste disposal technology throughout Europe. Certain of the above statements may be forward looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors including competitive developments and other risk factors listed from time to time in the company's Securities and Exchange Commission reports. --30--kl/bos* mb/bos CONTACT: BioSafe International Inc. Bob Rivkin, 617/497-4500 or Burson-Martseller Stuart Carlisle, 212/614-4000 This thread is to start discussion of our "new" company. | ||||||||||||||
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